503 Montara DrDavenportFL33897
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Davenport at 503 Montara Dr, Davenport, FL, 33897 priced at $400,000 converts $2,982/mo rent into $327/mo cash flow after a $1,958/mo obligation. Total monthly income equals $2,982/mo, and annual cash flow totals $3,928/yr on $132,600 invested. Return on cash invested prints 22.87% in year one, and rental yield reads 8.95% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 119.32% and total cumulative return in cash sums $158,224. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,982/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 2003
6,804 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33897, Davenport, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,034 (100%) |
| Owner Occupied HU | 8,197 (54.5%) |
| Renter Occupied HU | 2,928 (19.5%) |
| Vacant Housing Units | 3,909 (26.0%) |
| Median Home Value | $331,383 |
| Average Home Value | $360,837 |
Housing Distribution
Address Breakdown
Residential
12,186
Single Family
10,198
Multi-Family
1,988
Businesses
205
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